I assume there was a bathroom off the other direction, but I never saw it. He asked if I had a job and I said no but I need one. Its just that the whole experience left me somewhat unnerved. We hardly talked about me and my background. Be aware, I messaged on Facebook, and the account had comments saying Hey man, I think your account got hacked Ive been getting odd messages from you. It is a horrible, horrible product for almost everyone, but that doesnt make it fraudulent. If you want to get ahead in life be an entrepreneur. After that she was with very little interest to meet again. Remember that Primerica reps have something to gain with whatever they tell you. He called the next day and asked to me come to his office so we could talk more. (Kind of like someone asking you out on a date and then you saying I have a girlfriend, they should get the hint) The guy keeps talking and says something like we should have a discussion when youre free about the position. I was about to have an interview tomorrow but I cancelled it. I knew something was fishy from the start. The program is administered by Legalshield (formerly called Pre-Paid Legal Services), which is the largest provider of pre-paid legal services in the United States. Young people of united states and canada please pass this pages along to your friends . When he called me I was busy and asked him if i could call him later. Broke people mentality. Should I in fact back out? I cant thank you enough. Hope fully this site Tracy set up will eventually catch the eye of the better business or someone who will make this kind of shady business tactics disappear . She kept saying opportunity rather than job, or career, and my attempts to get more detailed information were deflected with promises of being answered later or at the orientation session being held the next day. I asked him if I should bring any specific documents with me and he abruptly said no and that he simply wants me to come in and talk with him first, also adding there would be some forms one of which would include qualifications I have and work history. I just received a voice message from Primerica, they had gotten my resume off of workone job site. He picked up the phone and began to dial but I noticed he pressed *69 first.. what, he was blocking the outgoing #?? Um And these were my thoughts. I definitely wish Id gotten the name of the business and researched this before going to that meeting & giving them my personal information. I just hope it was a legit employee just trying to recruit more people. I wasted a month of my busy life and thankfully, I already maintain a good internship at a wealth management firm and did not leave it for such stupidity. So what you are saying is that the other insurance companies must REALLY over elevate their prices. The guy recruited me at the mall and all he gave me was the address, no description of the job, not the name of the company. February 27, 2023 alexandra bonefas scott No Comments . Three days ago, a pair of women came into my store to purchase some items. The man told me he was a head hunter and had seen my resume on Career Builders. It was sure better than his you guys arent doing anything, youre being a bunch of losers talks he usually gave at training meetings. So, there we were. Thanks for your reviews, Wasting time is the #1 sin in job hunting. There were about 20 other people sitting in the chairs. It was no way a job interview. And at the very end, drop the bombshell: You know who and what they are, and that youve purposely been wasting their time. He went on to make about six more calls, each leaving me a little more tense than the last. Yes, the company offers legitimate products. Contrary to rumors out there, Primerica is not a pyramid scheme. Everyone knows its MLM even though the company avoids the term like the plague. I feel really bad for them. I will not be going Monday. In Primerica, the goal is to recruit. The outdated nature of your claims constitutes libel until corrected. Or something. I was definitely lied to when I first was contacted by the woman. After attending a couple of the information sessions myself. With traditional firms (i.e. She essentially made an appointment for me anyway for Wed at a place in Mission Hills Ca. Coincidentally, that same company has had the worst passing rates, by far, of all insurance trainers in the entire country, for the last 10+ years; I tell her my mom had me when she was 18 and I grew up poor. So I looked up the address and found the name of the company. Not a fan of recruiters that will give great compliments, offer big promises with no details & make unemployed people pay 100.00 to get started. I asked his name, he says Fitzgerald, refused to give a last name. Another flyer announces two meetings. Just WRONG Disgusted!!! I told him i was not looking to sell door to door or force anyone to sign up for gimmicks, which He reassured me that i would not be doing. Low-Cost Business Startup Not every business opportunity comes with a low-cost setup like Primerica. They are legal, but unethical. So she asked me to go to an interview with her manager and she gave the adress and my interview is tomorrow but after reading almost all the comments above ive decided that im not going and im so glad that i saw this before going. I was ready to mangle both of them Im so fed up with these lames at this time. I gave him my actual SOC. Now I was really confused. Now I have my 2-15 and Im not going to waste that on just Primerica products. Ex boss is close with a bunch of guys who are all at Primerica around here. When I started asking for e-mails and more information about the company. You should be ashamed of yourself for writing an article as false and untrue as this one. Just my two cents worth. Telling people they are lazy and that you are filing complaints, get real and get a grip.To the guy who posted the God, stuff, God also put greed as a deadly sin. They used what I told them about myself to further what they wanted from me. Thats why they havent been charged. Thank you for the information. I dont know why i get that feeling when a job has to take more than 30 minutes to explain itself to a group of people, they told us to hold our questions until the end of the presentation. Number 1 only matters if you want to turn Primerica into your FULL TIME BUSINESS. The hairs on my neck stood up when she spoke like this, but I figured it couldnt hurt to hear about the position. Okay, made perfect sense. That is my goal. I just a got a phone call this morning and let it go to voicemail from a Kim calling from Primerica in Arlington Heights. The model works by asking new investors to make an upfront payment so that they can be allowed to join the scheme. 2.Investigations of Allegations of Wrongdoing The compliance structure at PFS included two primary procedures that could detect wrongdoing on the part of registered representatives. I had them waste my time once before and am no longer interested in doing it again. Puffing up a business opportunity does not translate into real business skill. An hour and a half already? The Financial Industry Regulatory Authority is accusing former broker Barkley Lundy, who worked with PFS Investments, of defrauding at least 20 customers.The self-regulatory organization claims that from at least 1/11 through 3/14, Lundy took these clients' funds and placed the money in his own bank accounts. He told me about how his grandfather started the company and now his whole family owes everything that they have to Primerica. I set up the interview, on memorial day, not knowing the name of the company. From then he sent us to different people to ask us some questions. We will see. I think youd do well and Id like to have your number and have my secretary call you to set up an interview. She gives me, the son she never had, an enthusiastic hug and promises to call me tomorrow with all of the details. He also deceived the new Primerica representative, telling her that he was helping her and teaching her how to recruit people into her downline, only to keep some of the recruits for himself. Thanks so much!! Over the weekend my family and I went to the Disney store to get my daughter a present and as I was shopping with my daughter my husband sort of stayed behind with my son, my husband was standing over to the wall when a pair of ladies came over to him and started saying oh how sweet your daugther looks with the princess out fits and how she has 7 kids at home and yada yada, my husband was clearly uncomfortable since he did nothing to start the conversation, he started to walk over my way and they followed him towards me, the older lady asked me if I was working and I said no, im a stay at home mom she seem put off by my answer and then turned to my husband and asked him the same question, to which he answered Yes, Im a plumber she made a coment and dismissed the reply by saying that she had a better opportunity for him to make money. The man on the phone was not the man at the meeting. He proceeded to tell me that he called his partner about me and said I am great with people and would love for me to join their team if I was open to opportunities. Thats illegal. I have never worked in the financial industry before so I did not know what to expect. DIV Rep, 60%.wait there is only 50% left over, okay then what does math tell us.you get it yet..they only get 50%, (PYRAMID ENDS). But believe me, when youre lacking in confidence any morsel thrown down from the masters table seems like a feast. I am suppose to have an interview tomorrow as well. Hes spending more time getting me to do all this than he did explaining the actual job.. But you can throw away a full barrel of apples because a few are rotten. if I say anything bad about them, he gets so upset. After all, he was the successful one here of the two of us. I mustve been approached bc I look like a mark. Thanks for this post. I blew it all off the moment I was dismissed. Primerica. In fact, I would argue that their services are worse than a traditional insurance agency or investment advisor because their people are by and large far less knowledgeable. Primerica is a legitimate multi-level marketing company based in America. A man named Jack has recently added me on Facebook, first thing I check for with people I dont know adding me is their friends list, their About section and the consistency and validity of their posts to make sure theyre real and not some spam account. For any agent to be paid any comm. I went for the so called interview today and was completely confused and turned off. So this got more fishy. Most of the posters defending also seem very unprofessional and lack a certain level of education. I called her back a couple days later and she scheduled an interview for this coming Monday. Very glad I googled this company and found this blog. I really went in to the sales pitch thinking I was going to interview for a position as an IT guy for a small regional set of offices. Sounded too good to be true about the money and needless to say thank-you to everyone here I will not be going. Known as a co-founder of EarthLink, the internet service provider that . I reminded her I was not there for a financial health check, but rather for a job pertaining to repairing computers NOT a door-to-door 3rd-party insurance salesman. I was left dumbfounded by all these comments. Lesson learned. They need to bring in new people all the time to train them, when all they are really doing is using up their warm market to write business. I made to RVP , sold alots of policies yes made money but when my comminity questioned 35 year term beeng level term company simply forced me to step down . But for all of you out there who have fallen for this or maybe thinking about it, remember this, When a company asks you to pay for getting any piece of paper, fees, approaching you in odd places,etc., think before you leap, do your research for other companies selling the same product and see how it is or isnt done, then make up your own mind. And this place is playing with peoples hope?! Why would you not want to help your friends, family, and referrals with this information? And we are educated, if we werent, we wouldnt have had researched about primerica. I have morals, I have my beliefs, everyone has their entitled opinions. Then he went even further to explain that he could help my parents lower their insurance, debt, and help me pay for my college textbooks. I noticed that he put me as a recruiter on one of them, and himself on the other. I will go but the moment I feel like Im being pitched, Im graciously declining and peacing out. The business of Primerica Reps is recruiting other reps. He said there would be training and thats what my friend was getting into. Apparently these Primerica folk are misusing LinkedIn profiles for their slimy deeds. She submitted her story to Pink Truth, a website I run about Mary Kay Cosmetics and other multi-level marketing companies. You all invite me here to interrogate me about more people just to get mad and be rude to me. Thats legit, and I drafted up a Letter of Resignation, which included the language This is without malice. I didnt have the heart to tell the agent why I quit, something I regret to this day. Also, back then Term insurance was much more novel than it is now. First, I purchased a single mutual fund through Primerica about 20 years ago. Tracy is that lonely little girl in high school who no one ever liked, and was never invited to parties, probably why she hates on MLMs so much, no one ever invited her. Also they said they would need to talk to my parents, remember Im a student in school so maybe it might of been valid for parental consent, but to me this was bit fishy as this may have been a way for them to start getting business off me. So how did my interview go? Law sued and primeica paid millions of $ to keep it dl . I told them I would have to think about it and let them know but they offered to sponsor me and they paid my $99 fee as well as the $25/month fee for the first month which made me feel less suspicious. But the point is, even then they required a fee to be hired. Keep them going with promises of big fat contact lists. They just tried taking a mortgage out for half a million and the bank denied them because neither of them have a real job or make enough money. He has not even achieved the top position. After all of this fiasco, they have become very distant friends and I FINALLY own pretty successful and growing business now from my own hard work. Pingback: Why Do People Join MLMs? If you believe Wall Street has a moral compass you are sadly mistaken. In essence, 95% of their force starves while making the top 5% rich. The agent was a very nice Italian-American woman who actually knew something about financial services. (I was sitting with my daughter at the time of the call) The lady was insisting on contacting me after talking with my daughter and again my daughter told her to call me the next day. Hey guys, so I went through the exact same thing, someone on one of my social media had publicized a post saying anyone 18 and over looking for a.job, my company is hiring. I was interested so I messaged the person and I asked what company and what position, she briefly told me it was a financial services company and that was it. They were in my home for almost 3 hours, 10 minutes before they left (which was an hour ago btw!!) 99 for the background check, 25 for the POL, and 50 for the deposit on life insurance. Calling me rude, and saying other unprofessional things like LOL. He introduced me to that person and I presumed we would be going to an office. If you want to sell insurance or investments, do it with a real company, not a scammy MLM. There is more money made in consumable products than anything else. Are there good people in this business? Auto & Homeowners Insurance 4. If you do not mind cold calling for many hours of the day, have no problem deceiving others, are a good speaker and type A personality, you can make money although now with the internet and all the information out there it will be much harder to convince a friend to buy a 100,000 term life with you for twice as much money as they can get it elsewhere. I just got off the phone with some one by the name of Kelly Marie from prime America she was very anxious to have me come in for an interview. If youre reading from the bottom up, pay close attention to what Tom (June 2014) & Anonymous with Accounting Degree (January 2015) have to say. Got a free dinner out of it, but I never did anything with it and didnt give them any money. Aww. He ask me if I know this name. Some people are so desperate for money that they are blind to this. This was an immediate turn off for me. This sounded so eerily familiar to Primericas tactics and MO. Each of these new members usually pay an entrance fee, which is used to pay the people above them. All the things he was saying sound good. I never identified the gender of my child (which is a boy, by the way). I mumbled something about Ill see what I can do said my goodbyes, and bowed out. It is really not an insurance company, it is a distribution company that relies on a pyramid to fund the upper class there. I had been suckered before into going to an interview for what turned out to be a door-to-door sales job, so I was wary of this one. thanks for the honest comments I well be cancelling my interview tomorrow. I talked to the women who contacted me through LinkedIn and her husband when I first got there. (another red flag.) I understand multi-level marketing all too well. I have a job, but looking for a change, I feel bad for people who are out of work and are honestly looking for a job! Primericas main financial advice is the slogan By term and invest the difference which means figure out what a whole life policy will cost you, buy a term life policy, and invest the balance of what you would have paid for whole life into mutual funds. They are liars, they never gave me my money back, they have all my bank info and I feel very unsafe about that. Hope this helps and good luck to those who have gone forth with this and now have regrets and for those who saw the light before it was too late . But cancelled my credit but should i worry because of the other info that he has still since their a pyramid scheme. Suck my ass. I figured she hired her son to do her social media campaigning and he was just barely starting/lazy. As shes leaving, she stops and says, You know, I never do this because its disrespectful to approach people at their jobs. By the time he is licensed, he has alienated many of his friends, made some money for his upline, and is now expected to trick others into doing what he was duped into doing. Then I looked up Primerica and this lovely blog popped up. In a legitimate insurance agency, there is a general agent with agents under him or her. Clearly if one can do that for another, one should be able to pocket a nice income Once she quit her little dissertation on the gap between the upper class and middle class and how the middle class can become upper class with our help, she told us to wait as she brought in the guy who had written the review for the company (5 stars. I was looking for work on Craigslist and came across a post for motivated self-starters needed for an up-and-coming financial firm. But you dont actually own anything, many times not even the right to take your customers with you if you leave the MLM. So i said maybe on a follow up meeting i will do the paper work. If you really want to sell financial products, youre much better off doing so through a company that is not an MLM. ?, Dont you want one of these nice vacations? But, I didnt want to join the business they lightly mentioned because I didnt really see any real income coming from this and I knew I could make more money doing my own thing if I applied myself. At one point I capitulated and however intrigued I might have been over the absurdity of the whole situation, I only wanted this conversation to be over and I did bring it to an end elegantly, by saying that I appreciated the time that he had taken, making the call and am sorry that I cannot help him with what he wants, given that I dont seem to understand what that might be. Thanks to these comments I will not go. No legitimate employer is secretive about the position before you come in for an interview. Thank you so much for sharing the information! (Unless of course, you count the harassing phone calls and emails I put up with from MLM cult members.). Today I received a phone call today from a recruiter who found my resume on Careerbuilder. Especially because it just didnt seem necessary. So this person who called said a headhunter has forwarded my resume to him and ask if I would like to work for them. You get paid if you sell, and thats all they care about. Im scared after reading all this that i fell for this scam and now he has all my info. She said that if, following the interview, she liked what she saw, the business opportunity would be discussed further. Her husband, a mechanic, got invited to a big fancy house and had dinner there. It must be weekly, I thought to myself, no way thats monthly? The following day, the ex-financial advisor disconnected with me on LinkedIn and I have not heard from him since. They make any failures out to be lazy and incompetent, unfortunately the failure rate is incredibly high. I dismissed the thought as finally, after several minutes, John opened his door and beckoned the man in, intruding himself again. In an MLM, your upline gets a big cut of your commission. I barely spoke and Im on the good side of the manager. Primerica is NOT an MLM, it is, however, a Financial Service company that allows people to run their own business. The agent kept calling me for a congratulatory luncheon at a local Chinese buffet. I simply dont like scams. Term Life Insurance 3. I got a call around noon from a company called PFS Investments. People who work jobs get paid. I also know another person who has been doing it for 10+ years now and he doesnt make much at all. Thanks for all the information. I made a decent living $30,000, but its much harder than most people even imagine and it truly does require that you do oodles of prospecting. Please look up elizabeth warren cornering the president !!! Take up as much of their time as possible, keep them on a string. Look this up on Wikipedia, the very unusual and very unique model that Primerica uses. I told him I was talking summer courses and I really wasnt looking for work but I actually was (does that make sense?). Representatives are independent contractors with people working any where from sometime/very part time to very full time. I spend my time with people who show up. Another pause, then I saw his face relax a bit as he gave directions for the office and set up an interview for 6:30pm that night. PFS Investments Inc Type: Mutual Fund Annual Costs: $129 Cost Details Average Expense Ratio: 1.09% Range Details Surrender Fees: None Commissions: Yes Roth Eligible Add to Compare Add to Favorites Set as My Product Enrollment and Questions Use the following contact information to enroll or ask questions. * Mercedes sells their cars at inflated prices, are you going to do an web post on them next? BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met. Representatives of PFS troll the internet for job seekers, harvesting resumes from job sites. Please name some that dont. I had no desire to pursue such a career related to insurance, as I prefer investing. Nice to know people are exposing this company! I was approached by a lady who came shopping in the store I work @ now. I was in Primerica back in the early 90s when it was called PFS (Primerica Financial Services). Its ok Tracy we still love you. If you're familiar with MLM schemes like Primerica, Optavia, Evolution Travel, Beachbody & American Income Life they are pretty similar to Transamerica's MLM scheme. If you could imagine all the evasive answers and asking me if I want to do an application. MLM or a Pyramid scheme.Primerica is a Pure Business opportunity, the . John would be furious with me.. Very very unprofessional company. NO, I was special and needed to join and they offered to pay my fee, the $99. I thought everyone wanted/needed our products and opportunity. Their higher up had done that for them. I ALWAYS check out a company before interviewing so after reading the above information, I gracefully declined the interview. At first I was very happy considering I was Highly Qualified for something, but now seeing all these comments just makes me sad. When I walked into the office with them, there were a ton of chairs positioned around this little stage, with some type of intermission-like video showing and loud remixed music playing. my son is employed there. She gave me her name and phone number, but it wasnt after she left that I realised she never said what kind of business at all. I advised that I am not looking for a sales job, as all the cold calls about my resume have been for sales positions of one sort or another, and I really do not like selling. Feeling like a big dummy and annoyed with myself for giving the man my personal number, not to mention the fact he knows where I work and may come back and try again. Brokerage Firm Regulated by FINRA (Atlanta district office) IA. They offered me an interview for customer service job and said they were looking for people who are bilingual. Over dinner, I told my husband about the phone call and what I had found online about this Primerica and learned that he, as well, had been lured to their office a few years back, when he was looking for a job and after sitting in their presentation, he realized that it was a pyramid scheme and walked out without looking back. But like I said, we are all set with our banking. Denise Its sad that youre promoting this scam. Baffled, I shook my head. Long story short he told us it was a company about life insurance and that wed help families bla bla bla. Needless to say I WILL NOT be going back. I decided to research the company ahead of time and it lead me here Might i ask the opinion of those whom have dealt with this company: my experience thus far, sans interview sounds eerily similar to some other accounts Ive read here. At the end he asked me for my number and said he had a wonderful opportunity for me because he loved my customer service,attentiveness and bubbly personality and he thinks i would be great for his company. The grand kicker was the way the regional representative (and the speakers) used THE BIBLE to justify us serving a great cause? While often legal, taken to the extreme, multi-level marketing becomes a Ponzi scheme. It has been at least 15 years. I forget even about the application, the conversation has turned political. After dodging her for a few weeks I finally agreed and ate enough of the steam table food to be polite. Now of course I realize that I was probably the only one who wanted to learn. He never mentioned an upfront fee, but if he does Im done with these. Only two other rooms seemed to be in this building, a walled-off office and a copy room that was more or less a bump off the main hallway. May have to change my number now.what a waste of time an effort they are by simply existing.
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